Light Gauge Steel Framing Market Segmentation:
Product Type Segment Analysis
Wall bearing steel framing segment for the light gauge steel framing market is poised to hold the largest share of 44% during the projected period. Residential applications make substantial use of wall-bearing frame constructions. They are mostly appropriate for low-rise buildings and sustain the floor or roof loads of the building. These frameworks must have sufficient strength to withstand any horizontal load. Wall-bearing frames are typically inappropriate for multi-story buildings since the bearing size must expand to meet the loads generated by these structures. The segment is growing due to the growing demand for robust and reliable structural solutions in the construction industry. Furthermore, advancements in manufacturing techniques and the availability of standardized components have made wall-bearing steel framing more accessible and cost-effective. Therefore, these factors are contributing to the expansion of wall bearing steel framing segment.
End-use Segment Analysis
Light gauge steel framing market for the residential segment is expected to hold a share of 42% during the foreseen period. The rise in growth of the residential construction sector can be ascribed to the growing need for cost-effective and environmentally friendly dwelling options. Light gauge framing meets the demands of the residential industry by offering economical and effective building solutions. It is ideally suited for a variety of residential applications due to its innate strength, durability, and design flexibility. Furthermore, the growing focus on eco-friendly construction methods and energy efficiency is driving the residential market's use of light gauge framing. As per a report, in the US, the green construction industry was estimated to be valued at USD 83 billion. Also, compared to non-certified structures in Germany, investments in green buildings totalled around USD 15.29 billion less in 2022. Therefore, these factors are propelling the growth of the residential segment.
Our in-depth analysis of the global market includes the following segments:
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